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Wine Cellar report shows sales losses.
(From Off Licence News)
Wine Cellar lost AGBP9.5 million in sales during the year to last January and its pre-tax losses deepened.
The drinks retailer's accounts show turnover dropped to AGBP61.1 million in the year to Jan 28 2007, compared with AGBP70.6 million the previous year. Pre-tax losses increased by AGBP9,000 to AGBP1.45 million, In a report filed with the accounts, director Jacob Jebreel said the sale of the retailer's under-performing Wine Cellar-branded shops during 2005 and 2006 had hit overall sales, but like-for-likes were up by 5.4 per cent. Trading performance ...
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